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by Ashraf Laidi
Posted: Feb 20, 2010 5:00
Comments: 30765
Forum Topic:

EUR

Discuss EUR in this thread
 
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LonelyTrader
California, United States
Posts: 3
14 years ago
May 20, 2010 19:58
Could be true, but shorting at 1.22 was a silly idea.
Ginger
UK
Posted Anonymously
14 years ago
May 20, 2010 19:53
this bounce will not last - yet another shorting opp. I'm eyeing 1.15 by Sept.
LonelyTrader
California, United States
Posts: 3
14 years ago
May 20, 2010 19:47
Ashraf said to short EURUSD at 1.22 and "leave it alone". I wonder how many people did that, and I wonder how many have to courage to liquidate. Or are some of you still short?
Stationdealer
London, UK
Posts: 715
14 years ago
May 20, 2010 19:40
I wont say that's completely deluded but yes pretty much in line considering and all hail to Trichet who has play a clever chess game against the rating agencies, local reserves holder and foreign, while continuing to staying well clear of the political arena. Unlike our US counter party who still think they will lead world global banks into a union.

I do expect euro to move sharply above 145 end of this year, considering we move considerately to resolve & address domestic fears/concern before US while projecting slow but consistent growth.
Gunjack
London, UK
Posts: 1184
14 years ago
May 20, 2010 19:26
@stationdealer I have been long eur calls since 1.21...there slowly gaining value...any move thru 1.27 and my personal prediction made earlier this month of 1.3 will be happening
Stationdealer
London, UK
Posts: 715
14 years ago
May 20, 2010 19:19
Speculator that's exactly what I've been asking all those past job numbers were not just adding up, it had to fault somewhere in the long run, might as well start look at it closely now.
Stationdealer
London, UK
Posts: 715
14 years ago
May 20, 2010 19:17
what was your call GunJack sorry I missed that.....

EUR/AUD, EUR/NOK, EUR/SEK are just a few of the pairs that are being badly squeezed today as funds are forced to exit positions en masse. EUro at 12523.

Gold's selling

My last weeks prediction on gold short from 1242 was for the target 1185 and we did 1175 today. I'm selling again hoping asia will sell metals today and at targeting next 1165 - 1135. If it dips to that range then we may see another level for buyers in case Euro will be selling again. This will complete another H & S formation. However how Asian markets react remains to be seen. Busy day tomorrow
speculator
Posted Anonymously
14 years ago
May 20, 2010 19:16
I believe poor US DATA today was having a negative impact on the dollar despite risk aversion. This is insufficient for the birth of a new downtrend of the dollar. it will only attract further shorts en route to dxy 90 and beyond.
Gunjack
London, UK
Posts: 1184
14 years ago
May 20, 2010 19:08
@stationdealer about eurusd and 1.27, thats exactly what I have been hearing...If we see a break of that all these overly levered shorts will be running for the exits...and my eur calls will be coining it
Stationdealer
UK
Posted Anonymously
14 years ago
May 20, 2010 19:03

Germany, France to coordinate euro support -spokesman

Some Are Blaming This Headline

The only problem is, there is next to nothing in the article on which to base the headlineOh well i guess we will definitely find out tomorrow morning.

No matter, EUR/USD is getting a short-covering lift, testing resistance at 1.2510. A break will send the wolfpack chasing after stops which remain clustered up around 1.2700 in ginormous size, I'm told.

Euro now at 12504, EYRYEN 11235 from 11286, earlier a low of 10947
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